SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Lincoln National Corporation

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NEW YORK, June 7, 2024 /PRNewswire/ — Pomerantz LLP announces that a class action lawsuit has been filed against Lincoln National Corporation (“Lincoln National” or the “Company”) (NYSE: LNC). Such investors are advised to get in touch Danielle Peyton bee (email protected) or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those inquiring by email are encouraged to include their mailing address, telephone number and the number of shares purchased.

The class action concerns whether Lincoln National and certain of its officers and/or directors engaged in securities business fraud or other unlawful business practices.

You have until June 24, 2024, to ask the court to appoint you as lead plaintiff for the class if you are a stockholder who purchased or otherwise acquired Lincoln National securities during the Class Period. You can obtain a copy of the complaint aT www.pomerantzlaw.com.

(Click here for information about joining the class action)

On November 2, 2022After the market closed, Lincoln National announced its third quarter 2022 financial results, reporting a net loss of $2.6 billion for the quarter. This was compared to a net income of $318 million for the third quarter of 2021 of the previous year. Lincoln National stated that “current quarter adjusted operating results include net unfavorable notable items $2.0 billionor $11.62 per share, related to the company’s annual review of DAC and reserve assumptions.” The company also announced that it was “a $634 million impairment of goodwill for the life insurance business.”

On this news, Lincoln National’s stock price fell $17.27 per share, or 33.2%, to close $34.83 per share November 3, 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, ParisAnd Tel Aviv, is recognized as one of the premier firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz was a pioneer in the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he established, fighting for the rights of securities law victims. fraud, breaches of fiduciary duty and corporate misconduct. The company has recovered billions of dollars in damages on behalf of class members. See www.pomlaw.com.

Advertising lawyer. Previous results do not guarantee comparable results.

CONTACT:
Danielle Peyton
Pomerantz LLP
(email protected)
646-581-9980 ext. 7980

SOURCE Pomerantz LLP